AOL Red rolling out blog space to capture the lucrative teen market that is currently being served by LiveJournal and Xanga. With their subscriber base, they are sure to make a dent.

According to the press release,

when teens are asked to choose whether they prefer to share their innermost feelings with their parents or a blog, they are split with roughly half (51%) selecting their parents and 49% choosing a blog... AOL's RED service offers a refreshing way to create a blog in a 'velvet rope' environment and gives teens and parents the option to choose between different levels of privacy, ranging from private, semi-private and public... Once the level of privacy is determined, teens can then create and design their blogs' style, color, layout and other features such as the ability to post polls, news, and other personal content.